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reviews and investigations of medicare and medicaid fraud. some have resulted in prosecutions and other in new program integrity functions to prevent health care fraud. he has been the inspector general since september 2004 and is the senior official responsible for audits, evaluations, investigations, and general law enforcement for all hhs projects. it is an honor to introduce my colleague, dan levinson. [applause] >> thank you very much. i cannot pass up an opportunity to say hello, good morning, and welcome you here as early as possible. this is such an important event for our office of inspector general because fighting fraud is what we are all about. on behalf of the 1500 dedicated professionals of our office, welcome to what looks to be a very interesting and what i undoubtedly believe will be very productive day as we gather throughout these breakout sessions to drill down on some of the most important issues concerning health-care integrity that our programs face. again, i think you will be hearing this from others as well, when one of every three americans depends upon an effi
insurance plans pay under part d of medicare for prescription drugs. they are taking advantage of their purchasing power. and we're relying on private insurers committee are' competition in part d of medicare, it isn't as effective as the v.a. which does take advantage of its market power. let me just talk for a moment on a private insurance. we rely on private insurance here. it's for-profit insurance. i think it leads to much higher health care costs. private insurers, obviously by definition, they have to make a profit. in addition to that they engage in marketing, they also engage in what we call medical understood writing, they have to hire a lot of actuaries to make sure that they're not taking on people who are too expensive. these are all very costly things. so that raises the price of private insurance. in addition, as i said, they don't have as much bargaining power so they also can't keep their prices low by taking advantage of the consolidated power that i'm talking about. so you might ask, why do we allow private insurance to have quasi-monopoly and the answer is t
you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. you choose your hospital. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. >>> i'm jim cramer and welcome to my world. >> he's nuts. they oar nuts. they know nothing. >> there is a bull market somewhere. >> "mad money". y
. medicare and medicaid services report that u.s. health care spending rose 4.4% to $2.3 trillion, the slowest growth rate in nearly 50 years. health care spending is still accounting for 16.2% of gdp that is up from 15.9% in 2007. >> general motors december sales falling by 13%, larger than analysts expected. phil lebeau is in chicago with more. a lot of surprises today? >> a lot of surprises. gm weaker than expected. we want to go over those numbers from general motors. the vice president for sales from the company's headquarters susan dockerty. thanks for joining us. >> happy new year to you. >> let's go over these numbers. you are talking about the fact you cleared a lot of inventory and retail market share and retail sales you are trending up. let's be honest here these numbers are weaker than wall street wasç expecting. >> i can't tell you that i know what wall street was expecting but our retail business was up 7%. our total sales were down 6% and that was something we were expecting because last december we had a very high percentage of fleet. but this december our fleet
. there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. >> we'll have the negotiations televised on c-span. broadcasting those on c-span. that's why i want to open we'll have everybody open around the table and all of it on c-span. all of this will be done on c-span in front of the public. >> we're still going to have a bunch of this stuff on c-span. we're goi
for taking my call. the so-called reduction in medicare that the republicans more or less talk about on a regular basis is really -- is it information or misinformation about the program, either the senate or the house of representatives bill, are they going to really reduce the amount of money into medicare to pay for this plan? and also the public option, why is it that they are not wanting to really fight for the public option? it seems to me that that would be a good way to go and if people are purchasing insurance, you know, they're responsible for reading the policy and knowing what coverage they have and, you know, it's just like taking out a loan. if you don't read the fine print and you sign on the dotted line, you're responsible. because it's a contract. andity think the republicans are just fear mongering and trying to kill the bill simply because of the input of the lobbyists from the insurance, you know, the big corporations. host: thanks for your call. guest: a comment on the medicare question briefly. the pieces in the health legislation that would reduce costs under m
't cover can cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. you choose your hospital. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. >>> right now on msnbc, certain shock. that is what national security adviser jim jones says americans will be feeling today when the white h
medicare exposure. and you know what? we were right. we were dead right. we caught the big move up in health care. so what do you do when you didn't really like the stocks? you ring the register. you ring the register on your least favorite names on the group and you focus on some of the others that you actually liked with or without health care reform. and that's the subject of tonight's sell block. i'm telling you you have to take profits in humana, in u & h, despite that good quarter yesterday, and rehab care. and i'm going to tell you why. the main reason to sell these stocks, simply that the easy money has been made. and it is time to stop being greedy. okay? ring the register. if you bought these stocks, you have enormous gains, u & h up 103%. rehab care up 141%. and it's up 12% since we recommended it on november 19th. technically we're not putting these three stocks on the sell block, they don't deserve that. we're simply saying that when you hold your nose and buy merchandise betting it's priced incorrectly and your bet pays off, then it's time to get out, otherwise you're
. these are some of the hearings we have had. you're going to hear about the medicare advantage. we did nursing home standards and passed the law 25 years ago and have never had a hearing on that. long-term care insurance, are consumers protected? june 16th, termination of individual health insurance policies. if you are buying an individual family policy eiffel application, right? we had two hearings on this. when you fill up the insurance policy, most companies have about 1400 different codes. you go to the local drugstore in the fill up the prescription. if you trigger a code that will review your policy because with that code triggered might be very expensive medical treatment might be facing in the future and therefore they will jump you -- dump you. for instance, one family as they were filling out the form the told him to put out he was 180 pounds but he was really 250 pounds. they dumped him and said he lied on his application. when it terminated from your health insurance policy, who do you appeal to? the company that just the end user you do not have a repeal rights. -- the company th
insurance, lower your costs, all the insurance reforms, we're going to lower the cost of medicare and medicaid and it won't cost anybody anything. that's great politics. it's just not true. so, there's got to be some test of realism in any of these proposals, mine included. i've got to hold myself accountable. i guarantee the american people will hold themselves -- will hold me accountable if what i'm selling doesn't actually deliver. >> mr. president, point of clarification, what's in the better solutions book are all the legislative proposals -- >> no, i understand that, i've actually read your bills. >>-- throughout 2009. >> i understand. >> so, rest assured, the summary document that you received is backed up by precisely the kind of detailed legislation that speaker pelosi and your administration has been busy ignoring for 12 months. >> mike. wait. hold on a second -- no, no, no, no, no, no, no. hold on a second. guys, you know, mike, i've read your legislation. i mean, i take a look at this stuff. and the good ideas, we take. but here's -- here's the thing -- here's the thin
reform as a way to trim medicare spending to fund coverage expansion a lot of these voters were very suspicious of this. you see them getting mobilized in a way that's very unpredictable at the time. i think this was the political mistake. rather than looking to conservative policy elites in the capital, barack obama should have looked to who were those older white republican voters who didn't necessarily love bush, who were willing to give him a chance but who had a very different set of concerns from again those inside the belt way policy wons. i think not getting that visceral sense of concern that particularly a lot of older voters who didn't vote for him in the 2008 election or who stayed home, et cetera that was a big mistake he's still paying for and has exacted some costs in the form of those from the left being disillusioned as well as those on the right. it's a much more confusing landscape. >> i think there's a lot to that. i also think that something that the president said in his inaugural address that hasn't been widely quoted but i thought was extraordinarily shrewd, h
, and medicare and private insurance had to pay for all this waste. all i am trying to say is that if you are going to put primary- care physicians in, you have to teach them to know what they are doing rather than to rely on specialists to get the answers. host: great, thank you. we have a la -- a lot of callers waiting. guest: what she is describing is the world. struggling with in edmonson. -- had the world we are struggling with in madison. we cannot know it all. we have been unwilling to admit that. we've been trained to get the idea that it is all going to be in our head, and we have not developed the systems in the place that can change that. it is why i ended up writing on something as mundane as developing a checklist across madison. we look at the aviation world and how they handle themselves, the skyscraper world, and we found the the first principle of successful conditions of complexity is for experts to admit to themselves that they are fallible, that they will fail at times, it will not remember everything, and then to build in those standards of practice, the checks on the
consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some of what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. you choose your hospital. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't cover. save up to thousands of dollars... on potential out-of-pocket expenses... with an aarp medicare supplement insurance plan... insured by united healthcare insurance company. call now for your free information kit... and medicare guide and find out... how you could start saving. da >>> good morning, folks. welcome back to "squawk on the street." i'm matt nesto checking all kinds of movers. check out worthington industries, used to call it worthington steel. the stock is u
take effect in october, and leave untouched programs like medicare and social security, and national defense. white house spokesman robert gibbs said the cuts would be strategic. >> the president will cut programs that are duplicative or serve what he believes is no important purpose, and instead invest in, as families do, investments for the future. >> woodruff: the proposal would freeze $477 billion out of the $3.5 trillion budget, or about 17% of federal spending. it's designed to save $250 billion over the coming decade. republican leader mitch mcconnell criticized the idea as too small. >> freezing non-defense domestic discretionary spending would be a good idea. however, if you put into the baseline the stimulus, tarp, and you account for inflation, it's not nearly as big a step as the american people are asking us to take. >> woodruff: the president is expected to address the deficit, among other economic issues, including unemployment, in his state of the union message tomorrow night. in an interview with abc news' diane sawyer, mr. obama acknowledged some choices he will mak
premiums, bring down the deficit, cover the uninsured, strengthen medicare for seniors and stop insurance company abuses, let me know. [ applause ] >> let me know. i'm eager to see it. here's what i ask congress though. don't walk away from reform. not now. not when we are so close. let us find a way to come together and finish the job for the american people. [ applause ] >> let's get it done. let's get it done. [ applause ] >> now, even as health care reform would reduce our deficit, it's not enough to dig us out of a massive fiscal hole in which we find ourselves. it's a challenge that makes all others that much harder to solve, and one that's been subject to a lot of political posturing. so let me start the discussion of government spending by setting the record straight. at the beginning of the last decade, the year 2000, america had a budget surplus of over $200 billion. [ applause ] >> by the time i took office, we had a one-year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade. most of this was the result of not paying for two wars, two tax cu
is not being debated openly and fairly. it will raise taxes, it will raise taxes, it will hurt medicare, it will destroy jobs, and run our nation deeper into debt. martha: fox news alert for you, we're awaiting a police conference in virginia following the arresting of a man suspected of gunning down eight people, the suspect eventually turned himself into the police early this morning after a horrific multiple shooting. these are from the scene in appomattox, 100 miles south of richmond, police believe that christopher speight spot and -- shotald killed eight people, investigators discovered three bodies inside a home, three more outside. we have a live report from the scene of that horrific crime. bill: in the meantime lawmakers launching new investigations into the failed christmas day bombing plot of this passenger jet into detroit, several congressional committees holding meetings on that, among them, the homeland security committee, and secretary napolitano is scheduled to testify. look there, screen left. lawmakers looking into the security lapses that allowed a nigerian suspect
if you're on medicare, the cost of your diabetes testing supplies as well as your prescription drugs may be covered. liberty takes care of all the paperwork with medicare and sends the prescription forms directly to your doctor for approval. then, on your schedule, packs up this box and sends it right to your door with no charge for shipping. and liberty assures you have everything you need to manage your diabetes, including most brand name meters. call now and we'll send you a free meter. plus, a free cookbook when you join. call liberty. they can help you live a better life. call the number on your screen. >>> welcome back. u.p.s. raising its fourth quarter guidance today. that was an important story on the day. it was based on successful cost-cutting and better than expected performance in both domestic and international businesses at u.p.s. it's a good sign for anxious investors, certainly, before earnings season kicks off, but is the market overly optimistic for the fourth quarter? joining me now to talk about that and the earnings period overall is john fisher, portfolio manager at
, bring down the deficit, cover the uninsured, strengthen medicare for seniors and stop insurance company abuses, let me know. >> the republican response was that the newly elected governor of virginia, bob mcdonald who said the government simply tried to do too much. he says americans want affordable health care but don't want uncle sam running it. he voiced concern about overall spending in washington. >> the amount of debt is on pace to double in five years and triple in 10. the federal debt is now over $100,000 per household. this is simply unsustainable. the president's partial phrase announced tonight on discretionary spending is a small one. the circumstances of our time demand that we reconsider and restore the proper limited role of government at every level. >> on social issues, the president said he would work with the military to end don't ask don't tell for gays this year. the republican senator john corning calls that "social engineering." back to you guys in new york. >> as you look at that shot right now -- >> of molly? >> as you look at the shot of the president of the
security and medicare tax since 1965 for the same religious reasons. in paradise pennsylvania, molly henneberg, fox news. >> inflation rose by a modest one-tenth of a percentage point in december capping off a year in which consumer prices were up 7.2%. industrial production was up last month, the sixth straight monthly gain. stocks tumbled on the final day of the week. the dow lost 101 points. the s&p dropped 12.5. and nasdaq gave back 28 3/4. it may not be the "west side story" but lives of barack obama and rush limbaugh are about to take the stage as musicals and an award winning actor has a bizarre explanation for the haiti earthquake. get wrapped up in the luscious taste of butternut squash, blended with delicate herbs. v8 golden butternut squash. from campbell's. a soup so velvety and delicious you won't be able to contain yourself. campbell's v8 soups. is enjoying it together. and right now, a complete seafood dinner for two is just $29.99 at red lobster. you both get a fresh salad and irresistible cheddar bay biscuits... two entrees from a menu of classic favorites and new cr
, lower your costs -- all the insurance reforms. we're going to lower the cost of medicare and medicaid and it won't cost anybody anything. that's great politics. it's just not true. so, there's got to be some test of realism in any of these proposals. mine included. i've got to hold myself accountable and i guarantee the american people will hold me accountable if what i'm selling doesn't actually deliver. >> mr. president, a point of clarification. what's in the book are all the proposals that -- >> i understand. i've read your bills. >> so, rest assured the summary document you received is backed up by the detailed legislation that speaker pelosi and your administration have been busy ignoring for 12 months. >> hold on. no, no, no, no. hold on a second, yes. you know, mike -- i've read your legislation. i mean, i take a look at this stuff. and the good ideas, we take. but here's the thing, here's the thing i guess that all of us have to be mindful of. it can't be all or nothing, one way or the other. all right? you, you -- what i mean by that is this. if we put together a stimulus pa
medicare in ten years, the cbo says that course of action would reduce the decifit by 132 billion. critics, however, are extremely skeptical. >> there's a number of things that make that highly implausible, dubious, it assumes it will be cut 20 percent by 2011 and stay there indefinitely. if you just take that out, just that one on its own, take it out of the equation, the bill goes from being a small decifit reducer to being a large decifit increaser. >> that's known as the doctor fix, jane, and that alone would put the bill in the red. jane: this doctor fix, jim, has been a long standing issue, it isn't, though, in the versions that are currently out there, right? >> no, because it costs too much. keep in mind, this is an effort to undo one of congress' previous efforts to reduce medicare spending. lawmakers have been trying to fix it for years, because they were cutting medicare payments to doctors or reducing care for elderly, not to mention getting a lot of lawmakers thrown out of congress, so they all pledged to fix it, it was originally in both the house and senate bills, but fixing
're on medicare, the cost of your diabetes testing supplies as well as your prescription drugs may be covered. liberty takes care of all the paperwork with medicare and sends the prescription forms directly to your doctor for approval. then, on your schedule, packs up this box and sends it right to your door with no charge for shipping. and liberty assures you have everything you need to manage your diabetes, including most brand name meters. call now and we'll send you a free meter. plus, a free cookbook when you join. call liberty. they can help you live a better life. call the number on your screen. >>> in an hour, casey anthony will be in a courtroom. she is charged with the death of her 2-year-old daughter caylee. today's hearing deals with unrelated check fraud charges. during the time in 2008 when police were searching for young caylee, anthony is accused of stealing hundreds of dollars from her friend to buy clothes and groceries and to pay her phone bill. caylee's remains were found in december 2008. it's not clear what's going to happen at today's hearing. a trial was supposed to st
. when democratic leaders told the cbo they would raise taxes and cut medicare the cbo said that course of action would reduce the deficit by $132 billion. critics, however, are extremely sceptical. >> there are a number of things that make that i am plausibl ma. if you take that out of the equation it goes from being a small deficit reducer to a deficit increaser. >> that's known as the doctor fix and that alone would put the bill in the red. trace: the so-called doctor fix is a long standing issue. why isn't it in the healthcare reform bill. >> several reasons. it costs too much. this is an effort to undo one of congress' previous effort to reduce medicare spending. they worry cutting payments to doctor who treat medicare patients will reduce their access to care, not to mention getting lawmakers thrown out of congress. it was in the house and senate bills. fixing it would cost $200 billion over 10 years so they took it out. they still plan to do it, but won't pay for it. >> eventually you will have to do something that's longer term and the question is how will that be financed or li
diabetes testing supplies - but it's where i get my prescription drugs as well. see if you're on medicare, the cost of your diabetes testing supplies as well as your prescription drugs may be covered. liberty takes care of all the paperwork with medicare and sends the prescription forms directly to your doctor for approval. then, on your schedule, packs up this box and sends it right to your door with no charge for shipping. and liberty assures you have everything you need to manage your diabetes, including most brand name meters. call now and we'll send you a free meter. plus, a free cookbook when you join. call liberty. they can help you live a better life. call the number on your screen. >>> the consumer electronics show in las vegas does not kick off until tomorrow but already a whole lot of buzz coming out of the tech sector. cnbc's silicon valley bureau chief jim goldman is in sin city with the latest. and probably checking out the gadgets more than the sins i would hope, jim? >> reporter: indeed. you know a lot of fun stuff but get to some headlines, first. because there is news be
're over 65, have diabetes and are on medicare, call now and we'll send you a free meter. it offers alternate site testing, so you can test on your arm. no more pricking your fingers. so it's less painful. it makes a big difference. and to make it even less painful, the cost of your diabetes testing supplies may be covered by medicare. join over a million others who have chosen liberty medical. call now and get your free meter. plus, for a limited time, get a free cookbook when you join. call the number on your screen. >>> welcome back. i am dylan ratigan. topping our "need to know" segment, sarah palin's become quite the journalist now. if you haven't heard it, a late-night shakeup here at nbc. you probably saw that one coming. >>> also, is the obama white house really going to go after the banks or are they simply going to continue to talk about it while subsidizing to take all of america's money? we shall see. we start, though, with breaking news from the world of pop culture. you may not technically need to know this. but we know that so many of you would like to know it. simon
diabetes and are on medicare, call now and we'll send you a free meter. it offers alternate site testing, so you can test on your arm. no more pricking your fingers. so it's less painful. it makes a big difference. and to make it even less painful, the cost of your diabetes testing supplies may be covered by medicare. join over a million others who have chosen liberty medical. call now and get your free meter. plus, for a limited time, get a free cookbook when you join. call the number on your screen. >>> a difficult set back for michael brewer. you may remember him as the young man who was horribly burned by three teenagers back in october. well, now brewer was returned to the hospital fighting respiratory problems. the 15-year-old was released from intensive care just days ago. he was doused with rubbing alcohol back in october, set on fire. he's listed in serious condition at a local hospital. and a new set of mammogram guidelines cop tra dikt recommendations from a panel. two breast imaging groups say annual mammograms should start at age 40 for women with an average risk of breast c
at effort, as many did today because they understand if y fail to act, social securi isoing broke. medicare is going brok it is t progressive to allow those prrams to fail. >> woouff: senator greg, why is this bipartisan tasforce idea that the o of you were pushing,hy was that the right way to go or w is it the righway to go? >> because thesessues are so big, judy, thayou can't adess them in a partisan way. you have to have evebody at the ble. everytng has to be on the table-- entitlemts and tax issu-- or otherwise the american peopldon't trust the sults. e american people inherently undersnd if it isn't bipaisan, it probably won't be fr. weet up this task force in a manner that not only w bipartisan but also requir super majories to report. 14 o18. so that ither side could gain the other. it required per majorities to pasit in the senate so body could game anybody. the results of thitask force woulbe seen as fair, honest and bipartisan, and wod have popular support which is vy important. any initiati that affects these types ofrograms like medicare, medicaid and tax. >> woodruff: if it was
for it? referring to medicaid for nebraska and medicare advantage for florida and others? ben nelson who got that original thing, charles, backed off today and asked senator reid to pull it back and give it to everybody. >> he got heckled and his own state i think in a restaurant over the weekend. here is a guy who brings home a particular exemption on behalf of his own home state and the people are so embarrassed at home by this corrupt deal, that they oppose the deal which actually helps them. it tells you how disgusted people are with the process. it isn't only that it's been done in secret. it's that it's been one trade of a favor after another. ostensibly on behalf of a great objective, insuring the uninsured and people can smell this is all about politics and not about helping americans. that's why i think this is a referendum on healthcare. and why obama is going to be in massachusetts, because he knows if the race is lost, it's not just that he's not going to get 60 in the senate. it's that a lot of moderates in house and senate will run away understanding that their seats are lo
, but will not be if we don't make some changes. now, here's the good news. compared to medicare, social security is actually in reasonably good shape, and with some relatively small adjustments, you can have that solvent for a long time. so social security is going to be there. i know a lot of people are concerned about it. social security we can fix. now, in terms of the cola, the formula -- cola stands for cost of living allowance, so it's put in place to make sure that social security is keeping up with inflation. here's the problem. this past year, because of the severity of the recession, we didn't have inflation; we actually had deflation. so prices actually fell last year. as a consequence, technically, seniors were not eligible for a cost of living adjustment, to have it go up because prices did not go up in the aggregate. that doesn't mean that individual folks weren't being pinched by higher heating prices or what have you, but on average prices went down. here's what we did. working with these key members of congress here, we did vote to provide a $250 one-time payment to seniors, whi
of the provisions the closing of the doughnut hole, that's how much the people on medicare have to pay out of pocket for their medication. we want to close that gap so people don't have to pay that much. we do it in the house of representatives, and so that was i think a lot of the conversation. so it isn't super yet. >> host: recovered a town hall meeting with stupak in michigan he talked about his amendment on abortion. it's part of the house legislation. did that come up last night and what is the fate of that do you think? >> guest: eight date. the pro-choice caucus which i'm part of, which has well over 100 members in the house of representatives and wide support throughout the country reproductive health care being part of any package. it came up last night in the context of those of us who are pro-choice believe that we ought to stick with the status quo that says and i want to say very clearly not any federal dollar to pay for abortion. we don't necessarily like that but we agree with that. that is the hyde amendment. and the stupak amendment and the nelson amendment and the samet go well be
,over the uninsured strengthen medicare for niors and stop insuran company abuses, let me kno . (cheers and apause) let me kno let me know. i'm eager to see i here's what i ascongress, though don't walkway from reform. not now. not when we are so close. let us fina way to come together and finish thjob for e american people. (applause) let's get it done. let'get it done . now evens health care reform would duce our deficit 's not engh to dig us out of a massive fisc hole in which we find ourselves it's a challenge tt makes all hers that much harder to solve. and one that's beesubject to a lot ofolitical posturing. so let me stt the discussion of government spding by seing the record straight. athe beginning of the last decade, the year 2,0, america had a budget surus of over $200 blion. (appuse) byhe time i took office, we haa one-year deficit of over one trillion dolla and prected deficits of eight trillion dollars or the next decade most of this was t result of not paying for two wars, twoax cuts, d an expensive prescription drug ogram. on topf that, the affects of the receion put a three trilli
, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. >> welcome back to "power lunch." earnings central and so far so good for a couple of companies. ? so far, so good and it's more than just about citigroup. we'll take a look at other companies that are bellwethers within their industries beginning with forest labs. the tock is moving up as a lot of pharmaceuticals are today, up by 4%. that company's earnings were up by 86 cents a share and that is a very nice little beat there. key drugs and overall revenues were up 7% for the company and sales of lexa pro, a big antidepressa antidepressant, versus an estimate of 68 million. >> which is interesting because most have not had pricing power and they did. >> they have and curiously, against the incursion of generic anti-depressants wh which have the sales of that drug. sales of an alzheimer's-related drug, 283 million versus 274 million in estimates. let's mov
for drug companies, the medicare advantage cuts are less. whether or not this election shakes out for the republicans or democrats i actually think that every day that this is hanging out there for the administration is a bad day. >> les, forgive me, i didn't mean to interrupt you. andrew let me go to les. on the central question of the stocks, the movement and investigating, would you agree? >> i would. the simplest narrative. coakley is the weak candidate. the health care agenda is in somewhat of trouble. that is good for the vast majority of health care stocks including managed care and pharma. fundamentals in those groups are attractive as well once you lift this they go higher. >> so would you break it down in the same way andrew did through that sector? >> sure. we rank order. managed care first, pharmaceuticals second, med tech third, biotech fourth. there are smaller groups he was referring to. but it relates to how badly they were hit over concerns of reform in the first place. >> chuck, let me talk more broadly about the politics. >> sure. >> after '94 clinton had to wor
decade. any thoughts? >> well, i hope it is the entitlement spending. >> it is not medicare. >> it is discretionary spending. >> yeah. >> the president will ask like a big fiscal conservative tiff all of a sudden, but i'll believe it when i see it. skip that. tamara, you said you think everyone is just looking for a reason to attack obama. i miss the good old days when nobody is looking for a reason to attack bush. >> or any president. >> it is not morally equivalent. >> sure, it is. >> ellie light. it is not someone calling themselves el li e light has the same letters published in dozens of newspapers. it is that this person claims to live in the circumstance laying of -- the circulation of these of these newspapers. >> good point. she is a liar. >> right. >> maybe she is really rich and there are 40 spots she published in. maybe she is really wealthy and has places around the world. >> or to be fair, maybe she lives in an rv. >> or maybe she likes to vacation in ohio. >> true. >> or maybe she has been dismembered and there are pieces of her every -- everywhere. >> maybe.
debated openly and fairly. it will raise taxes, it will hurt medicare, it will destroy jobs and run our nation deeper into debt. i will work in the senate to put government back in the side of people who create jobs and the millions of people who need jobs. and remember, as president john f. kennedy
taxes, it will hurt medicare, it will destroy jobs and run our nation deeper into debt. >> we'll always remember our terrific senator ted kennedy and his words, the work begins anew, the hope rises again, and the dream lives on. >> we're breaking down this improbable win for the gop and its likely impact on health care reform. we've got the best political team on television this morning. suzanne malveaux, live at the white house with reaction from democrats who no longer enjoy a filibuster proof, but we start with jim acosta. it's such an irony, ted kennedy's dying wish was to see america's health care system overhauled and the seat goes to a republican who has completely different ideas. >> reporter: that's right, john. and democrats may hope that what happened in massachusetts stays in massachusetts, but that is not going to be the case if a remember in scott brown can campaign across this state saying he will vote against health care reform in what is a very liberal state, obviously the signs for the democrats, not good, coming up in these midterm elections as this campaign goes on,
. still, it grew faster than the nation's overall economy. a government study, by the centers for medicare and medicaid services, found health spending topped $2 trillion. that works out to an average of about $7,700 for every american. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the newshour's website. but for now, back to judy. >> woodruff: information has emerged about a possible jordanian connection in the attack that killed seven americans at a cia operating base in afghanistan. gwen ifill has that story. >> ifill: new details surfaced today about the attack, a suicide bombing allegedly carried out by a double agent working with the u.s. the names of the victims have not been released by the cia, but family members have identified 3. 37-year old harold brown junior originally from massachusetts leaves behind a wife and three children. >> his concern was to make the world a better and safer place for everyone who lived here. i think that fueled his own commitment to the military and to our country and in
entitlement programs like medicare and medicaid. but a lot of people very concerned about these cuts, about these freezes. we've heard from democrats as well as republicans. we've even heard from some economists as well is a controversial idea. the former labor secretary under president clinton, robert reich, said now is not the time to freeze spending. i want you to take a listen. >> i don't think it makes much sense, larry, and i'll tell you why. the government under the circumstances we now face is the purchaser of last resort. consumers are not buying. they're still scared for good reason. businesses are not investing very much. they don't want to invest if there are not consumers out there so government has got to spend. this is something a lot of people have difficulty understanding. >> tony, some republicans are saying these freezes are not enough. it doesn't deal with medicare or medicaid or social security, those big entitlement programs, not far enough. some democrats are saying, look, they're quite worried about social programs that would be cut, whether it's education or health
, except for medicare, medicaid, national security and a fiscal commission to figure out new ways to take down the deficit. the whatever the president comes up with now would likely be a watered down version with no congressional approval required. the plan actually went down when fiscally conservative senators got nervous it would push tax increases or cuts in social security and medicare. dave, alisyn and clayton, back to you. >> thanks, caroline. >> let's talk about what happened in baltimore yesterday of course before the president went towards that machine factory to get a sense of how things are going economically there. talking with republicans at their annual g.o.p. retreat at the hotel and trying to go back and forth and let him know hey, af got things i want to work on. you've got things you want to work on. let's see if there's common ground. >> analysts said that it was unprecedented. not that they would visit the other side, but televise it live so we could see that the pushback that the g.o.p. was giving and responses that president obama was giving, it was unscripted. so le
. they were so helpful and nice. they filed all the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. rick: well, as we've been telling you, police in los angeles are asking for the public's help in the attempt thed robbery of a convenience store. the gunman repeatedly asks the clerk to open up the register, and when he can't get it open, things get even more tense. take a look. >> open it right now! open it! open it! i'm going to pull the trigger. open it. >> [inaudible] >> open it! open it! >> [inaudible] >> i'm going to blow your [bleep] brains out. open it! open it now! open it! open it! >> [inaudible] >> open it, [bleep]. rick: well, that attempted robbery taking place at a 7-eleven in downtown los angeles. police say the suspect left without any cash, and witnesses saw him running away. along with someone who may have been an accomplice. lieutenant paul vernon is with the detective division,
are insured, and they have a growing population of the elderly, they don't like medicare messed with and when you combine things like the health care reform, and the stimulus bill, both things were not popular here and both things that were supported by the senator here, in north dakota, so, folks here sounds like in talking to people here, ready for some sort of change but don't feel like they were heard this past year. >> thank you so much. from bismarck, north dakota, this afternoon. >> we are now waiting remarks from president obama expecting him to talk about the report outlining the security failures that allowed a nigerian extremist to come close to blowing up an american-bound plane with 288 people on board. that, plus... american jobs heading south of the border. even when it comes to the all-american pastime of bowling. steve harrigan live in mexico city gets the story rolling. for us. next. more wings ! no way he'll be in first thing tomorrow. only alka-seltzer relieves your upset stomach, heartburn, indigestion and headache... so you're good to go in the morning. you're late. alka
plans and other initiatives that they are afraid are going to hurt medicare, hurt medicaid and things like that. so this is an unpopular piece of legislation. trace: i got to go, but i am amn very curious about these backroom deals. are all these backroom deals that were promised, are they all going to be uphill? >> that is a real concern for the senate. there are a lot of senators, guys like ben nelson from nebraska who would love to get a chance to get away. they are just looking for an excuse. if the deals go away their votes may go away. trace: from the "washington examiner." good to see you. thank you, sir. jamie: much more on the situation in haiti. what kind of force is capable of something like this? we are going to look back in history, and we are going to show you what it must've felt like to be there in haiti when a magnitude 7.0 quake hit. and if you want to help please visit the website on the screen for the international medical corps, imc worldwide dot ord or corps, imc worldwide dot ord or foxnews.com. upbeat rock ♪ singer:wanted to get myself a new cell phone ♪
the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today. >>> an accident at a north carolina sea pottrter sets off evacuation of an entire downtown business district. what triggered the emergency? >>> cold stuff all over my clothes. and all of a sudden felt burning. >> you know about the south florida teen who was set on fire last october. now hear him tell about his harrowing wi harrowing, painful ordeal. plus, conan o'brien has a message for nbc. no deal. how "the tonight show" host is turning up the drama and chaos on the late-night schedule. that just happening in the last half hour. i'm christi paul with hln "news & views." we're also following another story. five people are shot and three of them are dead after a shooting this afternoon at a penske truck rental, in kennesaw, georgia, northwest of atlanta here. the alleged shooter is a former employee, we've learned, and is in police custody now.
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